RE-100 INITIATIVE LEADING ORGANISATION TOWARDS CARBON NEUTRAL & NET ZERO

RE-100 INITIATIVE LEADING ORGANISATION TOWARDS CARBON NEUTRAL & NET ZERO

·???????? Many of the organisation are actively contributing towards reduction of carbon emissions and achieving Net zero targets.

·???????? Carbon neutrality means that an organization’s management team is responsible for removing as much carbon dioxide (CO2) from the atmosphere as it is emitting by Energy efficient RE technology and engineering products and application having lesser carbon footprint.

·???????? Net zero extends beyond carbon neutrality where organization’s management is also responsible for removing as much greenhouse gas (GHG) emissions as it is producing (CH4, NO2, Hydrocarbons).

"RE100" typically refers to a global initiative where companies commit to using 100% renewable electricity for their global operations.

It's led by The Climate Group in partnership with CDP (formerly the Carbon Disclosure Project). Companies joining RE100 make a pledge to transition to using 100% renewable electricity across their operations by a specified date. This commitment helps drive the demand for renewable energy and supports the global transition to a low-carbon economy.

RE100 is important for several reasons, each contributing to broader environmental, economic, and societal goals:

Reducing Greenhouse Gas Emissions: Electricity generation is a significant contributor to greenhouse gas emissions, which drive climate change. By transitioning to 100% renewable electricity, companies can drastically reduce their carbon footprint, helping mitigate climate change impacts.

Driving Renewable Energy Demand: The commitment of large corporations to RE100 sends a strong signal to the market and policymakers about the demand for renewable energy. This can stimulate investment in renewable energy infrastructure, accelerate technology advancements, and drive down costs, making renewable energy more accessible for all.

Meeting Sustainability Goals: Many companies have set ambitious sustainability goals aligned with global frameworks like the Paris Agreement. Adopting RE100 helps companies achieve these goals by demonstrating leadership in sustainable business practices and contributing positively to their environmental stewardship.

Enhancing Corporate Reputation: Consumers, investors, and employees increasingly expect companies to operate sustainably. Joining RE100 and achieving 100% renewable electricity can enhance a company's reputation, attract environmentally conscious customers and talent, and strengthen investor confidence.

Cost Savings and Energy Security: Renewable energy prices have become increasingly competitive with traditional fossil fuels in many regions. By investing in renewable electricity sources or signing long-term contracts for renewable energy, companies can stabilize and potentially reduce their energy costs over time, while also securing a reliable energy supply.

Regulatory Compliance: Governments worldwide are implementing policies to incentivize or mandate renewable energy adoption. Being part of RE100 can help companies stay ahead of regulatory requirements and ensure compliance with evolving environmental regulations.

Leading by Example: Corporate leadership in sustainability inspires other businesses, industries, and communities to take action. It fosters a culture of innovation and responsibility, driving collective efforts towards a sustainable future.

In summary, RE100 is important because it catalyses significant positive impacts on climate change mitigation, supports sustainable development goals, enhances corporate reputation, and drives economic opportunities in the renewable energy sector. It exemplifies a proactive approach to addressing global challenges and building a resilient, low-carbon economy for the future.

Meeting the RE100 target, which involves transitioning to 100% renewable electricity for your operations, typically involves a structured approach. Here’s a step-by-step guide on how to achieve this goal:

1. Assessment and Baseline: Begin by assessing your current energy consumption and identifying the proportion of renewable electricity already in use, if any. This baseline helps establish where you are starting from and what needs to change.
2. Set a Target: Define a clear target date by which you aim to achieve 100% renewable electricity use across all your operations. This target should be ambitious yet achievable based on your assessment and available resources.
3. Develop a Strategy: Create a comprehensive strategy outlining how you will transition to renewable electricity. This may include: Procurement: Identify renewable energy suppliers or utilities that can provide renewable electricity. This could involve signing power purchase agreements (PPAs) with renewable energy generators. On-site Generation: Explore opportunities to generate renewable electricity on-site through solar panels, wind turbines, or other renewable technologies. Energy Efficiency: Improve energy efficiency to reduce overall electricity demand, making it easier to meet the remaining demand with renewable sources.
4. Engage Stakeholders: Gain support from senior management and relevant departments within your organization. Collaborate with suppliers, landlords (if applicable), and other stakeholders to facilitate the transition.
5. Monitor and Report Progress: Implement a system to monitor progress towards your RE100 target. Regularly report on your renewable electricity usage and milestones achieved. This transparency helps build credibility and demonstrates commitment.
6. Overcome Barriers: Address any barriers or challenges that may arise during implementation. This could include regulatory hurdles, financial considerations, or technical constraints. Seek expert advice or collaborate with industry peers to find solutions.
7. Continuous Improvement: Once you achieve your initial RE100 target, consider setting new goals to further enhance your sustainability efforts. This could include expanding renewable energy usage to supply chains or supporting community renewable energy projects.
8. Celebrate Achievements: Celebrate milestones and achievements along the way to motivate employees and stakeholders. Share your success stories to inspire others in the industry to follow suit.

By following these steps, organizations can effectively work towards meeting their RE100 target and contribute to the global transition to renewable energy sources.

Renewable Energy (RE) Ministry of New and Renewable Energy (MNRE)